To be run by the TANA Executive Committee.
By The American Bazaar Staff
WASHINGTON, DC: The Telugu Association of North America (TANA) announced on Friday that it is creating two special funds for the two Telugu-dominant states in India.
The TANA Executive Committee will launch the AP Capital Development Fund and the Telangana Development Fund, both of which will be used “for the development of new capital” in Andhra Pradesh and Telangana, respectively.
According to a press release issued by the organization, the funds came about after several TANA members voiced a desire to take an active role in aiding development throughout both states.
“TANA members [want] to take a constructive role in the development of the two states of Andhra Pradesh and Telangana,” said the press release. “An additional incentive for donors in USA is that donations to these TANA funds are tax-deductible in USA. Donations can be made to either one or both funds per donor’s choice. “
TANA will consult with the governments of both Andhra Pradesh and Telangana to determine the best way to distribute and utilize the funds collected through the programs. The funds will both be run by the TANA Executive Committee, which is headed up by President Mohan Nannapaneni.
“If the two governments respond properly, this enthusiasm can result in millions of dollars for the development of both the states,” Nannapaneni said, in a statement. He added that Telugus in North America are enthusiastic about the idea of giving back to their homeland, and anticipates sizeable donation amounts to be made in the coming months.
Alongside Nannapaneni are the eight other members of the TANA Executive Committee, as well as the organization’s 12 regional representatives. Specifically, Jayaram Komati and Satish Vemana will be working with the state governments of Andhra Pradesh and Telangana regarding the funds. Komati is the Director of TANA’s Board of Directors, while Vemana is TANA’s Secretary.
TANA is the oldest and largest Telugu association in North America, having been in existence since 1977. Those interested in making donations to either of the two TANA funds are encouraged to visit www.tana.org/donate.